天汽模(002510) - 2018 Q1 - 季度财报

Revenue and Profitability - The company's revenue for Q1 2018 was CNY 349,184,474.49, representing a 1.78% increase compared to CNY 343,088,721.85 in the same period last year[7]. - Net profit attributable to shareholders increased by 25.28% to CNY 26,132,789.86 from CNY 20,858,683.67 year-on-year[7]. - The net profit after deducting non-recurring gains and losses surged by 84.33% to CNY 25,850,437.91 compared to CNY 14,023,645.78 in the previous year[7]. - Basic earnings per share increased by 16.00% to CNY 0.029 from CNY 0.025 year-on-year[7]. - The company's operating revenue for Q1 2018 was CNY 179,845,322.32, an increase of 15.7% compared to CNY 155,476,824.02 in the same period last year[39]. - The net profit attributable to the parent company was CNY 26,132,789.86, up 25.5% from CNY 20,858,683.67 in Q1 2017[37]. - The total profit for the period was CNY 23,797,010.35, slightly higher than CNY 23,576,286.97 in the previous year[36]. - The company's total comprehensive income for the period was CNY 25,803,610.23, compared to CNY 20,008,713.48 in Q1 2017, reflecting an increase of 29.0%[37]. Cash Flow and Financial Position - The company's cash flow from operating activities showed a negative net amount of CNY -152,282,808.85, worsening by 75.76% from CNY -86,643,749.56 in the same period last year[7]. - The net cash flow from operating activities for the current period is CNY -152,282,808.85, an increase of 75.76% year-on-year, mainly due to an increase in export tax rebates[16]. - The net cash flow from financing activities for the current period is CNY 20,202,498.6, a decrease of 40.21% year-on-year, primarily due to the repayment of bank loans and interest payments[16]. - Total cash inflow from operating activities was 286,354,125.47 CNY, while cash outflow was 438,636,934.32 CNY, resulting in a net cash outflow of 152,282,808.85 CNY[43]. - Cash inflow from financing activities amounted to 205,925,627.12 CNY, an increase of 49% from 137,976,919.59 CNY in the previous period[44]. - The net cash flow from financing activities was 20,202,498.60 CNY, down from 33,786,983.10 CNY, reflecting a decrease of approximately 40.5%[44]. - The ending balance of cash and cash equivalents was 377,352,238.90 CNY, down from 512,058,557.44 CNY, representing a decline of about 26.3%[44]. - The company reported a net increase in cash and cash equivalents of -210,855,174.12 CNY, compared to -120,563,068.51 CNY in the previous period, reflecting a worsening cash position[44]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,802,315,161.13, a 0.85% increase from CNY 4,761,932,501.98 at the end of the previous year[7]. - The net assets attributable to shareholders rose by 1.12% to CNY 2,416,709,498.66 from CNY 2,389,947,407.17 at the end of the previous year[7]. - Current liabilities increased to CNY 2,279,258,971.00 from CNY 2,263,208,593.78[29]. - Total liabilities were CNY 2,354,676,478.69, slightly up from CNY 2,339,997,181.52[29]. - Owner's equity totaled CNY 2,447,638,682.44, compared to CNY 2,421,935,320.46 in the previous period[30]. - Total current assets as of March 31, 2018, amount to CNY 2,658,585,957.16, a decrease from CNY 2,753,898,453.89 at the beginning of the period[27]. - Non-current assets totaled CNY 2,143,729,203.97, up from CNY 2,008,034,048.09 year-over-year[30]. Inventory and Receivables - Accounts receivable increased by 35.63% to CNY 145,666,033.77 as more customers opted for bank acceptance bills for settlement[14]. - Accounts receivable as of March 31, 2018, is CNY 543,639,017.83, down from CNY 581,410,468.65 at the beginning of the period[27]. - Inventory as of March 31, 2018, stands at CNY 1,318,733,677.18, an increase from CNY 1,170,235,395.09 at the beginning of the period[27]. - Accounts receivable decreased to CNY 398,928,237.60 from CNY 447,275,310.99[31]. - Inventory increased to CNY 887,370,211.93 from CNY 778,929,757.98[31]. Investment and Other Income - Investment income for the current period is CNY 30,395,112.62, an increase of 179.40% year-on-year, primarily due to the rise in profits from associated companies[15]. - Other income for the current period is CNY 655,065.86, a 100% increase compared to the same period last year, attributed to changes in accounting standards and the reclassification of government subsidies[15]. - The company's investment income increased significantly to CNY 30,395,112.62, compared to CNY 10,878,526.50 in the same quarter last year, marking an increase of 179.5%[36]. Financial Expenses - Financial expenses rose by 178.28% to CNY 11,219,322.72 primarily due to increased exchange losses from a decrease in the US dollar exchange rate[14]. - The financial expenses rose to CNY 11,219,322.72, compared to CNY 4,031,668.49 in the previous year, indicating a significant increase of 178.5%[36]. Management Outlook - The company anticipates improved gross profit and profitability due to sufficient orders and enhanced order quality, despite potential monthly or quarterly fluctuations[19]. - The company's management reported a focus on expanding market presence and enhancing product development strategies moving forward[39].